ICONOMI - Live for today. Invest for tomorrow. - page 320.

memii

legendary

Activity: 1372

Merit: 1001

Quote from: Hypolite on March 30, 2017, 02:29:39 AM

So for potential fudders and those looking to have cheap ICNs here is a company for which I worked and who carried out a share buyback without any worry. Many companies do this and all this is legal.

I have only one word for serious investors HOLD

http://247wallst.com/retail/2016/05/31/why-even-a-100-million-stock-buyback-matters-for-office-depot/

Agreed with you there is nothing wrong if the team is interested to buy back. This is good reason for me to buy more even I holding from a long time because the good future is ahead now.

Hypolite

legendary

Activity: 1245

Merit: 1027

So for potential fudders and those looking to have cheap ICNs here is a company for which I worked and who carried out a share buyback without any worry. Many companies do this and all this is legal.

I have only one word for serious investors HOLD

http://247wallst.com/retail/2016/05/31/why-even-a-100-million-stock-buyback-matters-for-office-depot/

malcovixeffect

sr. member

Activity: 714

Merit: 266

Quote from: thepo1m on March 30, 2017, 12:07:38 AM

Quote from: stormia on March 29, 2017, 11:13:40 PM

Quote from: Marvintymo on March 29, 2017, 11:07:41 PM

Quote from: dragonmoney on March 29, 2017, 10:52:54 PM

ICN is going to hit $1 this week! I actually think its smart that they are buying back. Dividends have all sorts of weird tax implications with it, esp with something like cryptocurrency.

Yes, I think without the dividend structure the legal issues, especially for U.S investors, has been minimized if not eradicated. This is why many think ICN will soon be listed on Polo.

Sure seems like it ought to be listed, I can't think of any reason why it wouldn't now?

I can tell you this even bring more legal issue, because if the team continue to buy and burn the tokens, this will lead to centralisation of tokens in the hands of developers again how do investors that has been promised initially during the ICO that theare going to be paid dividends in Ethers going to get value for his investment, please don't tell me the price would go up because that is specualtion. This is not going to end well because it should be the developers burning their tokens not by manipulating the price

Then please buy shares of microsoft and when they decide to do another billion of $ buy back then try to sue them cos its illegal big idiot.

Daparski

sr. member

Activity: 504

Merit: 250

Quote from: thepo1m on March 30, 2017, 12:07:38 AM

Quote from: stormia on March 29, 2017, 11:13:40 PM

Quote from: Marvintymo on March 29, 2017, 11:07:41 PM

Quote from: dragonmoney on March 29, 2017, 10:52:54 PM

ICN is going to hit $1 this week! I actually think its smart that they are buying back. Dividends have all sorts of weird tax implications with it, esp with something like cryptocurrency.

Yes, I think without the dividend structure the legal issues, especially for U.S investors, has been minimized if not eradicated. This is why many think ICN will soon be listed on Polo.

Sure seems like it ought to be listed, I can't think of any reason why it wouldn't now?

I can tell you this even bring more legal issue, because if the team continue to buy and burn the tokens, this will lead to centralisation of tokens in the hands of developers again how do investors that has been promised initially during the ICO that theare going to be paid dividends in Ethers going to get value for his investment, please don't tell me the price would go up because that is specualtion. This is not going to end well because it should be the developers burning their tokens not by manipulating the price

Quote

if the team continue to buy and burn the tokens, this will lead to centralisation of tokens in the hands of developers

How do you get to that? Burning tokens means that no one can use them ever again

thepo1m

hero member

Activity: 658

Merit: 500

Quote from: stormia on March 29, 2017, 11:13:40 PM

Quote from: Marvintymo on March 29, 2017, 11:07:41 PM

Quote from: dragonmoney on March 29, 2017, 10:52:54 PM

ICN is going to hit $1 this week! I actually think its smart that they are buying back. Dividends have all sorts of weird tax implications with it, esp with something like cryptocurrency.

Yes, I think without the dividend structure the legal issues, especially for U.S investors, has been minimized if not eradicated. This is why many think ICN will soon be listed on Polo.

Sure seems like it ought to be listed, I can't think of any reason why it wouldn't now?

I can tell you this even bring more legal issue, because if the team continue to buy and burn the tokens, this will lead to centralisation of tokens in the hands of developers again how do investors that has been promised initially during the ICO that theare going to be paid dividends in Ethers going to get value for his investment, please don't tell me the price would go up because that is specualtion. This is not going to end well because it should be the developers burning their tokens not by manipulating the price

stormia

hero member

Activity: 868

Merit: 1000

Quote from: Marvintymo on March 29, 2017, 11:07:41 PM

Quote from: dragonmoney on March 29, 2017, 10:52:54 PM

ICN is going to hit $1 this week! I actually think its smart that they are buying back. Dividends have all sorts of weird tax implications with it, esp with something like cryptocurrency.

Yes, I think without the dividend structure the legal issues, especially for U.S investors, has been minimized if not eradicated. This is why many think ICN will soon be listed on Polo.

Sure seems like it ought to be listed, I can't think of any reason why it wouldn't now?

Marvintymo

full member

Activity: 157

Merit: 100

Quote from: dragonmoney on March 29, 2017, 10:52:54 PM

ICN is going to hit $1 this week! I actually think its smart that they are buying back. Dividends have all sorts of weird tax implications with it, esp with something like cryptocurrency.

Yes, I think without the dividend structure the legal issues, especially for U.S investors, has been minimized if not eradicated. This is why many think ICN will soon be listed on Polo.

dragonmoney

newbie

Activity: 32

Merit: 0

ICN is going to hit $1 this week! I actually think its smart that they are buying back. Dividends have all sorts of weird tax implications with it, esp with something like cryptocurrency.

cryptodv

hero member

Activity: 1092

Merit: 507

btcstakes.com

Good job devs, ICONOMI is almost at a $60 Million Market Cap. Not an easy feat, but you're more than the half way point to $100 MILLLLLLION!! Grin

rekcahxfb_foundation

sr. member

Activity: 350

Merit: 250

CrowdWiz

Why is price going to up? is there any news Huh

Mendeleev

sr. member

Activity: 392

Merit: 255

Quote from: RayX12 on March 29, 2017, 08:01:31 PM

Quote from: snkns on March 29, 2017, 07:12:23 PM

Quote from: Mendeleev on March 29, 2017, 04:30:48 PM

Quote from: MoveCrypto on March 29, 2017, 02:30:34 PM

I may have to do some more research, but I have a theory that ICN is:

The first ever deflationary crypto

Bitcrystals is an example that springs to mind. They're burned and the supply is ever-decreasing.

So not the first. There'll be others too, I'm sure.

Synereo did it too as a price-pumping gimmick before their 2nd ICO round debacle.

https://blog.synereo.com/2016/09/16/synereo-burns-half-of-all-amps-in-existence/

No comparison here. AMP holds so many tokens that can be brought to the market (inflation and dilution) at their whim. AMPs buyback was a gimmick to boost price and nothing like what Iconomi is doing on April 1st.

https://en.wikipedia.org/wiki/April_Fools%27_Day

Wink

stormia

hero member

Activity: 868

Merit: 1000

Quote from: MysterE on March 29, 2017, 04:55:22 PM

Burning token rather than dividends, I understand this circumvent the legality of
paying dividends.

Burning, hmmm.. how does this work and how do we know these tokens are out
of circulation.

Anyone like to give their two penny worth?

This should hopefully answer some of your questions: https://medium.com/iconominet/iconomi-introduces-repayment-programme-54bfa449d458

In addition to what MoveCrypto replied:

Quote from: MoveCrypto on March 29, 2017, 05:12:02 PM

Jani said they will send them to a burn smart contract. Because once EIP 156 is implemented, people will be able to re-claim their "stuck" tokens from burn addresses such as this one: 0x0000000000000000000000000000000000000000

https://github.com/ethereum/EIPs/issues/156

RayX12

hero member

Activity: 952

Merit: 552

Congratulations ICN, now you are really on the right track! Wink

RayX12

hero member

Activity: 952

Merit: 552

Quote from: snkns on March 29, 2017, 07:12:23 PM

Quote from: Mendeleev on March 29, 2017, 04:30:48 PM

Quote from: MoveCrypto on March 29, 2017, 02:30:34 PM

I may have to do some more research, but I have a theory that ICN is:

The first ever deflationary crypto

Bitcrystals is an example that springs to mind. They're burned and the supply is ever-decreasing.

So not the first. There'll be others too, I'm sure.

Synereo did it too as a price-pumping gimmick before their 2nd ICO round debacle.

https://blog.synereo.com/2016/09/16/synereo-burns-half-of-all-amps-in-existence/

No comparison here. AMP holds so many tokens that can be brought to the market (inflation and dilution) at their whim. AMPs buyback was a gimmick to boost price and nothing like what Iconomi is doing on April 1st.

snkns

newbie

Activity: 32

Merit: 0

Quote from: Mendeleev on March 29, 2017, 04:30:48 PM

Quote from: MoveCrypto on March 29, 2017, 02:30:34 PM

I may have to do some more research, but I have a theory that ICN is:

The first ever deflationary crypto

Bitcrystals is an example that springs to mind. They're burned and the supply is ever-decreasing.

So not the first. There'll be others too, I'm sure.

Synereo did it too as a price-pumping gimmick before their 2nd ICO round debacle.

https://blog.synereo.com/2016/09/16/synereo-burns-half-of-all-amps-in-existence/

trumpc2016

sr. member

Activity: 695

Merit: 255

booom so much talking

Mendeleev

sr. member

Activity: 392

Merit: 255

Quote from: MoveCrypto on March 29, 2017, 05:12:02 PM

Quote from: Mendeleev on March 29, 2017, 05:07:09 PM

Quote from: MysterE on March 29, 2017, 04:55:22 PM

Burning token rather than dividends, I understand this circumvent the legality of
paying dividends.

Burning, hmmm.. how does this work and how do we know these tokens are out
of circulation.

Anyone like to give their two penny worth?

They get sent here:

https://etherscan.io/address/0x0000000000000000000000000000000000000000

This is the burn address. Any token sent here is lost for good.

If Iconomi set up their own "burn" address, then they'll be wasting their time. Or trying to pull some shady shit. So this is where you should expect to see the tokens go.

Jani said they will send them to a burn smart contract. Because once EIP 156 is implemented, people will be able to re-claim their "stuck" tokens from burn addresses such as this one: 0x0000000000000000000000000000000000000000

https://github.com/ethereum/EIPs/issues/156

Then I stand corrected!

Shocked

DomainMagnate

hero member

Activity: 602

Merit: 500

Quote from: rgornik on March 29, 2017, 04:06:48 PM

Hold your horses people. Dont create again FOMO too big so price can rise in a stable fashion

You are right.People are so impatient they start selling at smallest increase in value.This further escalates sell orders leading to dump.I hope nobody sell till $2 Grin

MoveCrypto

sr. member

Activity: 364

Merit: 250

move that crypto

Quote from: Mendeleev on March 29, 2017, 05:07:09 PM

Quote from: MysterE on March 29, 2017, 04:55:22 PM

Burning token rather than dividends, I understand this circumvent the legality of
paying dividends.

Burning, hmmm.. how does this work and how do we know these tokens are out
of circulation.

Anyone like to give their two penny worth?

They get sent here:

https://etherscan.io/address/0x0000000000000000000000000000000000000000

This is the burn address. Any token sent here is lost for good.

If Iconomi set up their own "burn" address, then they'll be wasting their time. Or trying to pull some shady shit. So this is where you should expect to see the tokens go.

Jani said they will send them to a burn smart contract. Because once EIP 156 is implemented, people will be able to re-claim their "stuck" tokens from burn addresses such as this one: 0x0000000000000000000000000000000000000000

https://github.com/ethereum/EIPs/issues/156

Mendeleev

sr. member

Activity: 392

Merit: 255

Quote from: MysterE on March 29, 2017, 04:55:22 PM

Burning token rather than dividends, I understand this circumvent the legality of
paying dividends.

Burning, hmmm.. how does this work and how do we know these tokens are out
of circulation.

Anyone like to give their two penny worth?

They get sent here:

https://etherscan.io/address/0x0000000000000000000000000000000000000000

This is the burn address. Any token sent here is lost for good.

If Iconomi set up their own "burn" address, then they'll be wasting their time. Or trying to pull some shady shit. So this is where you should expect to see the tokens go.

Topic: ICONOMI - Live for today. Invest for tomorrow. - page 320. (Read 583535 times)